What We're Reading - "BBB Investigates Suspicious Timeshare Resale Company"
How’s this for an attention grabber?
“Timeshare Resale Company claims to be on the 23rd floor of a 9 story building.”
This stunning little sentence comes courtesy of a press release from the Better Business Bureau, fleshed out further here, thanks to timeshare news site Inside the Gate. It’s a brazen example of evasion from an alleged timeshare resale company that the BBB is investigating for suspicious activities stemming from multiple consumer complaints.
According to reports, the BBB began receiving inquiries about this alleged timeshare resale LLC in 2016; here’s one consumer’s story, according to Inside the Gate:
“The consumer was told that the company had been hired by a large Dutch brewing company to acquire many timeshares in Mexico. The complaint states that the consumer was asked to wire $1558 in fees to a bank in Mexico and was told that money would be kept in an escrow account until the sale was final. The consumer complied with this request, which was immediately followed by an additional request to wire $3500 more. The consumer became suspicious and later confirmed with the bank in Mexico that the account the funds were received into was in fact a checking account, not an escrow account. Additionally, the bank confirmed the funds were no longer in the account.”
The company in question claims to be based out of Peoria, IL; however, the BBB could not find any listing of the company with the Illinois Secretary of State’s office, nor with the Illinois Department of Financial and Professional Regulation.